Deal adds 1,100-plus rental units
Saudi food producer Almarai plans to invest more than $4 billion through 2031, expanding manufacturing capacity, entering new product categories...
Dubai, UAE -- UAE telecom operator du said on Monday it had completed the deployment of its National Hypercloud platform...Migration moves mission-critical transport systems onto Oracle Alloy-based infrastructure hosted entirely within the UAE for enhanced sovereignty and resilience.
Platform is designed to reduce operating complexity while supporting AI-driven analytics and future digital mobility service expansion.
Luxury sales are rising, but investors remain increasingly selective as markets reward durable, high-quality growth over headline gains, says etoro...Richemont outperformed peers as resilient jewellery demand and broad regional growth reassured investors despite broader luxury sector uncertainty worldwide.
Burberry and Moncler exceeded expectations, but lingering concerns over recovery durability and seasonality weighed heavily on investor sentiment.
Revenue rises on stronger operations.Fleet exceeded 50,000 mobility assets as logistics expansion and higher utilisation supported profitability across transport and warehousing operations nationwide.
Etihad Rail shuttle operations contributed early gains through integrated first-mile and last-mile services linking Abu Dhabi passenger destinations efficiently.
Dubai, UAE -- Dubai Chambers said it organized 15 legal events during the first half of 2026, attracting 1,551 representatives...Seminars and workshops cover employment law, taxation, contracts, intellectual property and UAE Civil Transactions Law developments for businesses.
Dubai Chambers said the initiative aims to help companies keep pace with legislative changes, strengthen compliance, reduce legal and operational risks and enhance competitiveness.
Income growth supports steady earnings.First Abu Dhabi Bank posts $2.92 billion first-half profit as operating income, lending and margins continue strengthening performance.
AI deployment boosts productivity while sustainable financing reaches 79 percent of the bank's 2030 target during first half.
Income, lending drive first-half growthLoans, Islamic financing, deposits and investments expand while capital, liquidity and asset quality remain above regulatory requirements throughout.
Total assets increased 16 percent to 28 billion dirhams ($7.62 billion).
"Three months ago investors were comfortable funding aggressive AI investment," Gilbert added. "Today they're asking tougher questions. Markets now want...One bright spot remains Alphabet's AI monetisation strategy, with Gemini now exceeding 900 million monthly users.
The market expects Tesla to report USD 26.3 billion in revenue and earnings per share of USD 0.50.
Dubai, UAE -- CFI Financial Group said it recorded its strongest first half on record, with trading volume reaching $5.34...The broker expanded into Brazil, launched UAE local stocks and Bahrain digital assets while active clients rose 8.4 percent annually.
The company said metals generated the strongest demand during the quarter, followed by increased activity in equity indices.
Dubai, UAE -- Abu Dhabi National Oil Company (ADNOC) has approved a final investment decision (FID) worth $6.2 billion to...Umm Shaif Gas Cap project will produce over 600 million scfd of gas by 2030, boosting UAE energy security significantly.
Project includes $5.1 billion EPC contracts and $365 million drilling programme executed by ADNOC Drilling over 18 months.
Dubai, UAE -- Dubai's Endowment and Minors' Trust Foundation (Awqaf Dubai) said on Monday the market value of its securities...The portfolio's cost value increased 16.6 percent year-on-year to AED1.398 billion, while its market value rose 5.5 percent, or AED76.5 million.
Awqaf Dubai said it made new investments worth AED285.1 million during the first six months of the year, up 150.7 percent from the same period a year earlier.
